best casino bonuses australian online casino au dollars trusted online gambling internet casino download old information online us casinos las vegas best online casino craps flash casino games mac play online vegas

Get Our Newsletter



Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

February 2009
S M T W T F S
« Jan   Mar »
1234567
891011121314
15161718192021
22232425262728

Guides

How to Become a Bounty Hunter



FBI Tracks Down Texas Billionaire Scammer Allen Stanford in Virginia

The FBI tracked down this man who may be another glaring example of the failures of the Security and Exchange Commission that has cost people a lot of money. Maybe if the SEC folks had invested with people like Standford of Bernie Madoff they might have paid closer attention.

By DEVLIN BARRETT
Associated Press
WASHINGTON – Texas financier R. Allen Stanford was tracked down Thursday in Virginia, where FBI agents served him with legal papers in a multibillion-dollar fraud case.

FBI agents, acting at the request of the Securities and Exchange Commission, served Stanford court orders and other documents, the FBI and the SEC said.

Stanford is not under arrest and is not in custody.

In a civil complaint Tuesday, the SEC accused Stanford, two other executives and three of his companies with committing an $8 billion fraud that lured investors with promises of improbable and unsubstantiated high returns on certificates of deposit and other investments. It’s not clear how much of the $8 billion was lost and how much investors might recover.
For Full Story

OTHER STORIES OF INTEREST

Mexican Leader Vows To Continue Fight Against Drug Cartels (Washington Post)

Illinois Gov. Demands that Sen. Burris Resign (CNN)


Print This Post Print This Post

Write a comment

You need to login to post comments!